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Economists warn housing prices will lose more ground

Posted on 26 October 2011

U.S. home prices were largely flat in August from a month earlier and down almost 4% from a year ago, with more declines ahead, economists say. The Standard & Poor’s Case-Shiller home price data, released Tuesday, showed non-seasonally adjusted prices dipping in 10 of 20 major metropolitan areas in August from July.

Yet there was a “modest glimmer of hope” in that year-over-year results in 16 of 20 cities were better than they had been in recent months, says David Blitzer, chairman of the S&P index committee………………………………………..Full Article: Source


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